Northwest Arkansas Ballet
- Assets
- $58.4k
- Revenue
- $137.5k
- Investments
- $0.0
- Employees
- 1
- Location
- Springdale, AR
- Founding
- 11/2013
- Data as of
- 06/2023
- EIN
- 46-0742535
Organization Overview
Northwest Arkansas Ballet, operating under the name Nwa Ballet Theatre, is located in Springdale, AR. The organization was established in 2013. According to its NTEE Classification (A63) the organization is classified as: Ballet, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Nwa Ballet Theatre is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2023, Nwa Ballet Theatre generated $137.5k in total revenue. The organization has seen a slow decline revenue. Over the past 5 years, revenues have fallen by an average of (2.7%) each year. All expenses for the organization totaled $120.1k during the year ending 06/2023. As we would expect to see with falling revenues, expenses have declined by (1.2%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
PRODUCTION OF BOTH CLASSICAL AND CONTEMPORARY BALLETS AND PROMOTION OF THE DANCE IN PART THROUGH VARIOUS OUTREACH INCLUDING SCHOOLS, LIBRARIES, AND MUSEUMS AND OTHER VENUES. RECENT PRODUCTION INCLUDE RADIANT, J STREET CREATIONS, AND GUEST ARTISTS IN THE NUTCRACKER.
Describe the Organization's Program Activity:
Part 3 - Line 4a
INSPIRE A LASING LOVE AND APPRECIATION FOR THE ART OF CLASSICAL AND CONTEMPORARY BALLET THROUGHOUT THE NORTHWEST ARKANSAS REGION BY COMBINING ARTISTIC EXCELLENCE IN DANCE WITH INNOVATION CHOREOGRAPHY AND DISTINCTIVE CONSUMING INTO EXHILARATING PERFORMANCES ACCENTING AND RESPECTING THE DIGNITY AND GRACE OF THE INDIVIDUAL DANCERS.
OTHER PUBLIC EDUCATIONAL AND OUTREACH ACTIVITIES
PROMOTION AND ENCOURAGEMENT OF INTEREST IN THE PERFORMING ARTS AND BALLET SPECIFICLLY HAVING APPLEAL TO CHILDREN AND RAISE THEIR INTEREST IN CASSICAL LITERATURE IN THE NORTHWEST ARKANSAS AND THE SURROUNDING COMMUNITIES.
BALLET EVENTS: PROMOTION AND ENCOURAGEMENT OF INTEREST IN THE PERFORMING ARTS AND BALLET BY HOLDING VARIOUS PERFORMANCES THAT APPEAL TO THE GENRAL PUBLIC AND ADVOCATE AND ENCOURAGE PARTICIPATION IN ARTS IN THE NORTHWEST ARKANSAS AND THE SURROUNDING COMMUNITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Marguerite Bordovsky Secretary | OfficerTrustee | $0 | |
David Bordovsky Cfo/treasure | OfficerTrustee | $0 | |
Tor Faulk Director | Trustee | $0 | |
Jennifer Davis Director | Trustee | $0 | |
Todd West Chairman | Trustee | $0 | |
June Wood Director | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $82,899 |
| All other contributions, gifts, grants, and similar amounts not included above | $48,957 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $131,856 |
| Total Program Service Revenue | $5,516 |
| Investment income | $132 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $137,504 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $61,072 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $4,832 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,568 |
| Fees for services: Accounting | $12,486 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $31,867 |
| Advertising and promotion | $922 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $706 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,515 |
| Insurance | $2,128 |
| All other expenses | $0 |
| Total functional expenses | $120,096 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $53,715 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $4,686 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $58,401 |
| Accounts payable and accrued expenses | $520 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $17,500 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $3,205 |
| Other liabilities | $1,381 |
| Total liabilities | $22,606 |
| Net assets without donor restrictions | $35,795 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $58,401 |